A home solar panel is one of the most popular ways of generating your own electricity or heated water. It’s eco-friendly, requires little to no upkeep once it’s in place, and won’t take long to earn back its cost. The technology just keeps getting more and more efficient, while simultaneously getting less expensive.
Around 30 years ago the solar technology industry went through a boom of sorts, but it was unfortunately very short lived. At that time, government assistance and the novelty of having solar panels grabbed the attention of potential customers, only to have the tax breaks and subsidies canceled by a new administration in the early 1980’s. The new boost to the solar industry is here to stay.
Now that global warming has become a consistent, insistent presence in everyday discourse, the new tax credits and subsidies should last much longer. They might even become permanently implemented. What this means for the potential purchaser of solar panels is a reduced initial investment.
For most of these customers, their primary interest in buying solar panels is to generate electricity (rather than simply heat water), which means that the type of technology to look for is called “photovoltaic” (or PV) solar cells. These are available in prebuilt panels or do it yourself kits. The latter is significantly cheaper, but the former will probably be more of the cutting edge stuff and will be the most efficient.
PV solar setups usually operate at about 12 percent efficiency (the best right now operate at around 17 percent), which means that it’s going to take a while for the system to earn back its monetary cost. However, PV solar immediately starts saving money on monthly electricity bills.
A new photovoltaic panel installed on or around the home will also diminish the amount of carbon your household is responsible for, and these benefits start right away. The carbon and energy used to produce them will also be saved in a much shorter time than the monetary cost. It’s possible to start working down your carbon output right away with solar PV panel.
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